Loan modification can help stop foreclosure.You may be one of many home owners who has not realized it yet. Do you know what are the requirements for a loan modification?Foreclosure is a burden on both, you and the lender. A typical foreclosure, costs the lender between $60,000-$80,000.Â If the lender can save money by modifying your loan, he will. BUT you must show your lender that he can save money. Can you do that? A legal professional can. Before you call your lender's employees please consult with a legal professional. It is your home and your future that is on the line and they don't care!